Intimation of Receipt of Letter of Award for order value of Rs. 639.24 crores from Konkan Railway Corporation Limited for Supply, Installation, Testing and Commissioning of Plant Contract ....
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Sugs Lloyd Ltd has received a Letter of Award from Konkan Railway Corporation Limited (KRCL), a Government of India undertaking under the Ministry of Railways, valued at Rs. 639.24 crores including GST. The contract involves supply, installation, testing, and commissioning of plant works including SCADA-DMS systems for projects being executed by KRCL. The order is domestic in nature, with an execution timeline of 24 months from the date of the LOA. The company confirmed there is no related party interest in KRCL, and the promoter group has no connection to the awarding entity.
This is a sizeable government-backed order that significantly strengthens the company's order book and provides revenue visibility over the next two years. Given that KRCL is a PSU railway entity, the contract carries lower counterparty risk and should be viewed positively by investors.